5 FAQs on Singapore’s GST hike: KPMG’s Viewpoint

• Is this the “right time” to raise Singapore’s GST?
• Is there a good reason to raise GST?
• Should Singapore use wealth taxes instead of GST to collect revenue?
• Do we expect the GST implementation to be staggered? For example, exceptions made for some sectors or differentiation for essential/luxury goods?
• Will GST pose greater pressure on multinational corporations’ (MNCs) decisions to locate in Singapore?

Source: KPMG

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